Page 57 - Company News

Wipro to hike salaries from March 1, bringing much-needed relief to staff

IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified

Mahindra expands Chennai research valley with ₹196 crore investment

Automaker to invest ₹196 crore in expanding Mahindra Research Valley in Chennai, adding advanced R&D and testing facilities and creating 2,000 jobs this year

IDfy raises ₹476 crore to fund acquisitions and global expansion

Series F round led by Neo Asset Management will help risk and identity platform pursue acquisitions and strengthen its presence in key overseas markets

Shell to expand integrated gas, GCC presence in India: Country chair

$289 bn energy giant plans to sign more LNG deals and strengthen lubricants business in India

CCI imposes ₹27.38 crore penalty on Intel Corp for unfair biz practices

The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India

Dabur opens first South India manufacturing plant, to invest ₹400 crore

FMCG major begins work on its first South India manufacturing facility at Tindivanam, Tamil Nadu, with a ₹400 crore investment

Mahindra to invest ₹196 crore to expand Chennai-based R&D facility

The facility will be up and running within this calendar year, the company said

Sanjay Dutt's The Glenwalk targets ₹200 crore revenue by March 2026

Premium Scotch brand co-founded by Sanjay Dutt aims to sell 2.4 lakh cases by March 31 and expand its portfolio with five new variants

Ceigall Infra secures Rs 2,160 crore NHAI HAM road project in Bihar

The project involves four-laning of the 78.94 km Sahebganj-Areraj-Bettiah stretch of NH-139W under the Hybrid Annuity Mode, with a 15-year O&M period

NDR InvIT Trust acquires warehousing asset in Hosur for Rs 285 crore

The Mumbai-based InvIT acquires a 1.78 msf fully leased warehousing asset in Hosur, expanding its operating area to 21.46 msf and entering its 17th city

Ireda to seek shareholders' approval to raise ₹2,994 cr via equity

The company anticipates growth opportunities in its existing operations and continues to evaluate various avenues

I-T dept issues ₹4.62 cr demand notice to Equestrian Federation of India

The notice, dated February 9, 2026, states that a sum of Rs 4,62,18,102 has been determined as payable by the federation for the assessment year 2024-25

USV to acquire 79% stake in Wellbeing Nutrition at ₹1,583 cr valuation

This strategic expansion of USV, a leading player in diabetes and cardiac care, into consumer wellness is aligned with its expansion across the healthcare continuum

Adani Power sets up nuclear-focussed unit as govt moves to open sector

The move comes as India opens ‌its nuclear power sector to greater private participation to meet rising electricity demand and curb carbon emissions

Zydus agrees to pay $120 million to settle US patent dispute with Astellas

The deal will enable the company to continue marketing its generic Mirabegron in the United States, Zydus said, adding that other terms and conditions ​of the agreement are confidential

Russian govt attempts to block Meta's WhatsApp, promotes state-backed app

Initially, authorities slowed down the app, but the latest move is more serious and wide-ranging

Flipkart eyes food delivery entry, plans Bengaluru pilot launch by June

Flipkart is exploring entry into online food delivery, with a pilot likely in Bengaluru by mid-2026; the company is studying whether to launch its own app or use ONDC to compete with Zomato and Swiggy

ECDS to set up medical equipment manufacturing unit with ₹780 cr investment

Construction will begin this year with an initial investment of ₹780 crore, and the first phase of production will start by April 2027

RBI gives ICICI AMC approval to raise stake in HDFC Bank to 9.95%

If ‌ICICI group's stake in the lender falls below 5 per cent, it ‌will need ​fresh RBI ​approval to raise the shareholding to 5 per cent or more

Rolls-Royce CEO calls on PM Modi, shares plans to be part of Viksit Bharat

Modi was responding to a post by Rolls-Royce on Erginbilgic's meeting with Modi